EANS-Adhoc: UNIQA Insurance Group AG / UNIQA launches investment programme of approximately EUR500 million and expects significantly reduced results due to said investments and challenging conditions

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

Strategic management decisions
18.01.2016

UNIQA launches investment programme of approximately EUR500 million
and expects significantly reduced results due to said investments and
challenging conditions in 2016

* UNIQA is on track to achieve its best result in the company's
history in 2015; significantly better than in 2014 * 2016: launch of
the largest investment and innovation programme in the company's
history amounting to around EUR500 million * Digital transformation
is driving innovation and new business models * Significantly
reduced earnings forecast for 2016 due to investments and challenging
conditions * Intention to continue sustainably progressive dividend
policy with annually increasing dividend per share up to 2020

UNIQA Insurance Group AG (UNIQA) continues to remain on track. The
details of the preliminary annual results for 2015 will be released
at the beginning of March. Currently UNIQA has a strong equity base
reporting an economic capital ratio according to Solvency II (EIOPA
standard formula) of over 180 per cent, and high operating
profitability.

Based on this solid foundation, UNIQA's management board has today
decided with its supervisory board approval to launch the extensive
investment programme in 2016 in order to align processes and products
with customer requirements and expectations that are being
transformed by the digital revolution. This largest investment
programme in the company's history will be spread over several years
and comprises a total volume of around EUR500 million. The
investments, a considerable portion of which are to be made in 2016,
will primarily be employed for the redesign of the business model and
the modernisation of IT systems that this requires. The innovation
programme therefore lays the foundation for UNIQA to successfully
continue on its planned growth trajectory under radically different
conditions in the future.

A considerable portion of these future investments will take effect
in 2016 and therefore influence the earnings forecast for the 2016
financial year. In combination with the persistently difficult
conditions, such as the still-moderate economic outlook, ongoing low
interest rates, decreasing investment income and political
uncertainty in individual markets, UNIQA expects - dependant on the
investment programme's implementation - significantly reduced
earnings in the 2016 financial year compared to 2015's strong
earnings.

UNIQA intends to continue its since 2012 consistently implemented
progressive dividend policy with annual increases of the distribution
per share despite the considerable future investments and challenging
economic environment provided that the capital ratio remains solid.

Forward-looking statements This press release contains statements
referring to the future development of the UNIQA Group. These
statements present estimates which were reached on the basis of all
of the information available to us at the present time. If the
assumptions on which they are based do not occur, the actual results
may deviate from the results currently expected. As a result, no
liability is accepted for this information.

The following UNIQA securities are admitted for trading on a
regulated market:

Issue: ISIN: Trading segment:

Share AT0000821103 Vienna Stock Exchange
Official trading
UNIQA subord. bond 13-43 XS0808635436 Luxembourg Stock Exchange
Regulated Market
UNIQA subord. bond 15-46 XS1117293107 Vienna Stock Exchange
Second Regulated Market

Further inquiry note:
UNIQA Insurance Group AG
Norbert Heller
Tel.: +43 (01) 211 75-3414
mailto:norbert.heller@uniqa.at

end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: UNIQA Insurance Group AG
Untere Donaustraße 21
A-1029 Wien
phone: 01/211 75-0
mail: investor.relations@uniqa.at
WWW: http://www.uniqagroup.com
sector: Insurance
ISIN: AT0000821103
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English